Demo Account V/S Demo contest.

[vineet]

Demo accounts help us to build our confidence level. It is one of the best way to learn about trading. We get to trade with real trends in real trading environment but only with fake money. We can get lots of experiences as well as vital knowledge about forex through demo accounts. So I think demo account trading is very important before going for the real trade.

[vineet]

I still can not compete in the contest demo, the natural loss of all traders, who got a crucial try in the accumulation of profit, discipline is a matter of psychology, it can be practiced with a real account, we are trading according to the rules of trading systems and rules of our own money management

[keddih]

This 2 account have big difference that people should understand.

In demo account, we try to do trade with small lot size and try to learn from that so we can do same in real account.

But in demo context, we always open big lot size to double money in some hours and to come in top 5 or 10. So i think we should not learn anything from demo context except doing gambling.

What do you think about this?

mere khiyal main to demo accout or demo contast main ye farq ha k demo act se ham sirf seekh saktey hane es se ham ko sirf expirence hasil hota ha or demo contest se banda seekhta bhi ha or profit bhi hota ha ager top 10 main name a jaye to or es main kafi senior treader se milne or un ki traiding dekhne ka muqa milta ha

[nikhil]

bhai tum janete nehi. ye 10$ bhi kai ke liye bare amount he. ek kam karo tum kai sare orkut ya facebook frnd ko bolo 10$ invest karne ko. dekho usme se kitne invest karte he.
tum abhi bhi real world me nhi ho yaar. maine khud dekha he. isliye unlogoko ke liye demo best he. agar wo dekhe ki demo me accha kar rahe he aur wo sikh chuka he to real me ayega.

[arihant]

if we voilate the rules in real account then we should suffer from that but in demo what ever you do that don't create any problem to you.

[patil]

मैं डेमो खाते नौसिखिया के लिए महत्वपूर्ण लगता है ..क्योंकि डेमो खाता असली खाते के लिए बुनियादी तरीका है ..कैसे एक के बारे में?

[arihant]

Yes i agreed with you, demo context is waste for newbies as he have to make double or triple his balance in few hours to get some prize and he cant able to do that, only experience people can do that and they also try to that and some time they getting prize and soemtimes not.

I saw some experienced traders are working hard on demo contests to make some huge money by winning the contests. For normal trader its time waste if he try for demo contest.

[arihant]

i think in demo contest we feel the feelings like real accounts (fear to lose contst) and it also a very important thing for real trading that you experience the fear.you have also said true that in demo contest we cannot learn the trading techniques like money managment etc

Few says back i participated in one demo contests where i lost half of money and the person who is in first made 10k into some 300000 dollar in 2-3 days, i think he will reach 1 crore at the ending day of contests.

[arihant]

In another account they will conduct some contests for people thats also demo account thats why most of good traders will try these demo contest account to check their ability.

[arihant]

In demo accounts we see new people but in demo contests we see lot of experienced traders who will make their account 10time in few days.